Finance Manager Inventory
Saudi Tadawi Healthcare Company
Total years of experience :26 years, 3 Months
In-charge for the Inventory Control of more than 300 Pharmacies and 3 Regional Warehouses.
Developing the Inventory Control function’s work plan; assigning work activities, projects and programs, monitoring work flow, reviewing and evaluating work methods and procedures, and directing such activities to serve the Department's goals and plans.
Preparing various key reports for the Top Management which helped in the implementation plan for SKU rationalization, reduction of replenishment lead times, optimization of order cycles/quantities, improvement in information coordination etc.
Preparing relevant inventory reports on daily, monthly, quarterly and on an annual basis, and ensuring they are prepared accurately and in a timely manner.
Interacting with external auditors and participating in period end audit by providing documents and materials as required.
One of the largest hypermarket chains in the world (Franchise of Groupé Casino, France). Lead a team of 8 Accounts Payable Managers. Reporting directly to the Group Finance Controller.
Job Responsibility:
* Group In-charge for accounts payable which is more than SAR1.00 Billion and with more than 900 local suppliers and 250 international suppliers.
* Develop and implement policies and procedures for entire Payables for all the new Hypermarket Opening and for the Electronics Specialty Stores.
* In-charge of stock takings of all the hypermarket & Electronics Specialty Store.
* Preparing Monthly Bench Mark Report, Trend Analysis Report on Commercial Activity, Sales Forecast Report etc.
* Preparing Group Hypermarket Report in section-wise to analyze profitability of each section. Group Reporting Package for Hard Close and for yearend for the Group Consolidation.
* Prepared the procedures for the receiving and documentation of all the purchase orders for all the Hypermarket Branch Opening as well as Electronics Specialty Stores.
* Management of daily cash flow for the entire Group.
* In-charge for Reconciliation of bank statement for the entire Group.
* Assisting Group Finance Controller in preparing various reports for the management which includes yearly Budget, Stores Performance Reports, KPIs, 5
Year Plans, Bank Proposals etc.
Joined as Accounts Supervisor, was promoted to Section Manager within a span of three months. Lead a team of 3 Accountants, 5 Payable Accountants and 5 Department Accountants. Reporting directly to the Finance Manager.
Job Responsibility:
Responsible for the accounts payable which is around BD4.00 million and with more than 720 suppliers.
In-charge of all the payroll activities (of more than 375 staffs).
Prepared the procedures for the receiving and documentation of all the purchase orders.
Prepared purchase-planning budgets, which led to increase in efficiency and reduce in wastage and keeping intact of stock levels for all the departments to get maximum output from all the Sections.
Preparing Gross Margin Report and also Calculating Shrinkage on physical stock take periodically.
Joined as Accounts Assistant and selected as the Best Employee among the 6 Accounts Assistant team and got promoted as Accounts Supervisor to the new store which was opened in Ajman. Reporting directly to the Accounts Section Manager.
In-charge of reconciliation of banks, supplier accounts, sales turnover and credit cards on monthly basis. Lead a team of accountants in monthly cash counting as well as in stocktaking of hypermarket.
Responsible for the documentation work of all the purchase orders.
Checking of supplier invoices with the purchase order, preparing credit/debit note, GRN (Goods Received Note) and accounting of the same. Accounting of rebates and other incomes, calculating shrinkage after stock take, major suppliers’ reconciliation on a monthly basis.